Irene Wool VZW
ActiveSummary
The annual accounts of Irene Wool VZW for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €22k and a net result of €-46k. Equity is shrinking by ~14% per year across the filed fiscal years. Its solvency ranks better than 24% of 1991 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-92
Solvency38▼-20
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.93 against 1.79 in 2024; short-term debt: 51% and cash: 0.7% of total assets), but 87.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.7%
Return on assets
-27%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1991 sector peers (2025).
NBB · sector comparisonPosition among 1991 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
32 d late
2024
57 d late
2023
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 67.9%
2024 · €67k
2023: €30k
2024: €67k
2023 → 2025
Total assets
€170k▼ 15.9%
2024 · €202k
2023: €286k
2024: €202k
2023 → 2025
Net result
€-46k
2024 · €37k
2023: €64k
2024: €37k
2023 → 2025
Working capital
€80k▼ 8.5%
2024 · €88k
2023: €145k
2024: €88k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€30k-€67k▲ 124%€22k▼ 67.9%
Operating result€64k-€37k▼ 41.2%€-45k
Net result€64k-€37k▼ 41.4%€-46k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €45k after €37k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€3k ▼ 22.0%
Current assets
€167k ▼ 15.8%
Equity and liabilities €170k
Equity
€22k ▼ 67.9%
Debt
€148k ▲ 10.3%
Debt's share of the balance-sheet total rises from 66.6% to 87.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-42k▼
2024 · €39k
Cash flow
€-44k▼
2024 · €39k
Current ratio
1.93▲
2024 · 1.79
Debt to equity
6.84▲
2024 · 1.99
ROE
-211.9%▼
2024 · 55.4%
ROA
-27.0%▼
2024 · 18.5%
Interest coverage
-23.94▼
2024 · 61.46
Debt ≤ 1 year
€86k▼
2024 · €110k
Debt > 1 year
€12k▼
2024 · €24k
Staff costs
€207k▼
2024 · €574k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€202k€170k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€4k€3k▼
Current assets29/58€198k€167k▼
Amounts receivable within one year40/41€90k€156k▲
Trade receivables40€13k€78k▲
Other amounts receivable41€77k€78k▲
Cash at bank and in hand54/58€105k€1k▼
Deferred charges and accrued income490/1€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€202k€170k▼
Equity10/15€67k€22k▼
Profit (loss) carried forward14€67k€22k▼
Amounts payable17/49€134k€148k▲
Amounts payable after more than one year17€24k€12k▼
Financial debts170/4€24k€12k▼
Amounts payable within one year42/48€110k€86k▼
Current portion of amounts payable after more than one year42€12k€12k=
Financial debts43-€33k
Credit institutions430/8-€33k
Trade debts44€59k€21k▼
Suppliers440/4€59k€21k▼
Taxes, remuneration and social security45€40k€20k▼
Taxes450/3€14k€3k▼
Remuneration and social security454/9€25k€17k▼
Accrued charges and deferred income492/3-€50k
Income statement
Code20242025
Non-recurring operating income76A€8k-
Remuneration, social security and pensions62€574k€207k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€667€1k▲
Non-recurring operating charges66A€4k€365▼
Gross operating margin9900€617k€166k▼
Operating profit (loss)9901€37k€-45k▼
Financial income75/76B€586€458▼
Recurring financial income75€586€458▼
Financial charges65/66B€630€2k▲
Recurring financial charges65€630€2k▲
Profit (loss) for the period before taxes9903€37k€-46k▼
Profit (loss) for the period9904€37k€-46k▼
Profit (loss) for the period to be appropriated9905€37k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€22k▼
Profit (loss) brought forward from the previous period14P€30k€67k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
31-12
Financial
Weakest financial yearnet €-46k ▼223%
Net result drops to €-46k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koekelberg · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jetselaan 731081 KoekelbergGround area
361 m²
Building footprint
146 m²
Volume, LiDAR
1,447 m³
Parcel 21492B0007/00L007, Brussels · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Irene Wool VZW
since 20162.250.686.149
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0007/00L007 | Brussels | 361 m² | 1 · 146 m² | 16.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 1,387,392 EUR awarded · 1,348,970 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 393,917 EUR | 391,311 EUR |
| 2024 | 2 | 391,855 EUR | 389,342 EUR |
| 2023 | 4 | 382,986 EUR | 370,377 EUR |
| 2022 | 3 | 218,634 EUR | 197,940 EUR |
Schemes
Professionele kunsten: Werkingssubsidie voor een kunstenorganisatie voor een periode van 5 jaar (Kunstendecreet 2021)
Professionele kunsten: Werkingssubsidie voor een professionele kunstenorganisatie (Kunstendecreet 2013)
Professionele kunsten: Projectsubsidie voor een initiatief van een kunstenaar, een kunstwerker of een kunstenorganisatie (Kunstendecreet 2021)
Professionele kunsten: Tussenkomst in de kosten voor deelname aan een internationaal presentatiemoment (Kunstendecreet 2021)
Vlaams Beschermingsmechanisme 11 (stopgezet)
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Of 1,993 companies in sector 90120 we hold annual accounts for 209. 145 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded24-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.